Turkcell (NYSE: TKC) prices TRY 530M bond at 41% yield
Rhea-AI Filing Summary
Turkcell İletişim Hizmetleri A.Ş. completed a TRY 530,000,000 financing bond issuance to qualified investors in Türkiye under its TRY 10,000,000,000 Capital Markets Board-approved limit. The bond matures on 24 June 2026, with an annual simple interest rate of 41.00% and an annual compound rate of 47.81284%.
The security, a single-coupon bill with ISIN TRFTCEL62621, was sold on 26 March 2026 at an issue price of 1 and will be traded on the stock exchange. Interest and principal are scheduled to be paid in one installment on 24 June 2026. JCR Avrasya assigned a long-term national rating of AAA (tr), categorized as investment grade.
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of March 2026
Commission File Number: 001-15092
TURKCELL İLETİŞİM HİZMETLERİ A.Ş.
(Translation of registrant’s name into English)
Turkcell Küçükyalı Plaza
Aydınevler Mahallesi İsmet İnönü Caddesi No:20
Küçükyalı B Blok Ofispark
34854 Maltepe
Istanbul, Türkiye
(Address of Principal Executive Offices)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:
x Form 20-F ¨ Form 40-F
Enclosure: A press release dated March 27, 2026 announcing the registrant's financing bond issuance.
Istanbul, March 27, 2026
Announcement Regarding the Financing Bond Issuance
Within the scope of the TRY 10,000,000,000 issuance limit approved by the Capital Markets Board, the book building of the financing bond issuance of our Company with a maturity date of June 24, 2026, an annual simple interest of 41.00% with a nominal amount of TRY 530,000,000 to qualified investors within Türkiye, without a public placement was completed, and the securities will be transferred to the investor accounts on March 27, 2026 (today).
| Board Decision Date | : 25.03.2025 |
| Related Issue Limit Info | |
| Currency Unit | : TRY |
| Limit | : 10,000,000,000 |
| Issue Limit Security Type | : Debt Securities |
| Sale Type | : Private Placement-Sale to Qualified Investor |
| Domestic / Oversea | : Domestic |
| Capital Market Board Approval Date | : 13.06.2025 |
| Capital Market Instrument to be Issued Info | |
| Type | : Bill |
| Maturity Date | : 24.06.2026 |
| Maturity (Day) | : 89 |
| Sale Type | : Sale To Qualified Investor |
| Intended Nominal Amount | : 500,000,000 |
| Intended Maximum Nominal Amount | : 530,000,000 |
| The country where the issue takes place | : Türkiye |
| Title Of Intermediary Brokerage House | : |
| Central Securities Depository | : Merkezi Kayıt Kuruluşu A.Ş. |
| Starting Date of Sale | : 26.03.2026 |
| Ending Date of Sale | : 26.03.2026 |
| Nominal Value of Capital Market Instrument Sold | : 530,000,000 |
| Maturity Starting Date | : 27.03.2026 |
| Issue Price | : 1 |
| Interest Rate Type | : Fixed |
| Interest Rate - Yearly Simple (%) | : 41.00000 |
| Interest Rate - Yearly Compound (%) | : 47.81284 |
| Traded in the Stock Exchange | : Yes |
| Payment Type | : TL Payment |
| ISIN Code | : TRFTCEL62621 |
| Coupon Number | : 1 |
| Currency Unit | : TRY |
| Coupon Payment Frequency | : Single Coupon |
1
Redemption Plan of Capital Market Instrument Sold
| Coupon Number | Payment Date | Record Date* | Payment Date | Interest Rate - Periodic (%) | Payment Amount | Exchange Rate | Was The Payment Made? |
| 1 | 24.06.2026 | 23.06.2026 | 24.06.2026 | 9.99726 | |||
| Principal/Maturity Date Payment Amount | 24.06.2026 | 23.06.2026 | 24.06.2026 |
* The date on which the beneficiaries are determined.
Issuer Rating Note
| Rating Company | Rating Note | Rating Date | Is it Investment Grade? |
| JCR AVRASYA DERECELENDİRME A.Ş. | Long Term National Rating AAA (tr) | 29.05.2025 | Yes |
For more information:
Turkcell Investor Relations
investor.relations@turkcell.com.tr
Tel: + 90 212 313 1888
Disclaimer
This press release does not constitute an offer to sell, or a solicitation of offers to purchase or subscribe for securities in the United States or any other jurisdiction in which such offer or solicitation would be unlawful. The securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"), and may not be offered, sold or delivered within the United States or to or for the benefit of, US persons (as defined in Regulation S under the Securities Act) absent registration or an applicable exemption from the registration requirements of the Securities Act. This press release is being issued pursuant to and in accordance with Rule 135c under the Securities Act.
2
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, Turkcell İletişim Hizmetleri A.Ş. has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| TURKCELL İLETİŞİM HİZMETLERİ A.Ş. | |||
| Date: March 27, 2026 | By: | /s/ Özlem Yardım | |
| Name: | Özlem Yardım | ||
| Title: | Investor Relations Corporate Finance Director | ||
| TURKCELL İLETİŞİM HİZMETLERİ A.Ş. | |||
| Date: March 27, 2026 | By: | /s/ Kamil Kalyon | |
| Name: | Kamil Kalyon | ||
| Title: | Chief Financial Officer | ||